NCR Atleos Corporation (NYSE:NATL) Receives Average Recommendation of “Hold” from Brokerages

Shares of NCR Atleos Corporation (NYSE:NATL) have received an average recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating. The average 1 year price target among brokerages that have covered the stock in the last year is $50.2667.

Several research analysts have commented on NATL shares. Weiss Ratings lowered NCR Atleos from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. DA Davidson reaffirmed a “neutral” rating and issued a $50.00 target price on shares of NCR Atleos in a research report on Monday, May 11th. Finally, Zacks Research lowered NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th.

NCR Atleos Price Performance

NATL opened at $44.82 on Thursday. NCR Atleos has a 52-week low of $23.56 and a 52-week high of $48.50. The company has a 50 day moving average of $44.30 and a two-hundred day moving average of $42.62. The company has a market cap of $3.31 billion, a P/E ratio of 19.32 and a beta of 0.60. The company has a quick ratio of 0.78, a current ratio of 0.98 and a debt-to-equity ratio of 6.83.

NCR Atleos (NYSE:NATL) last issued its earnings results on Wednesday, May 6th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.24). The business had revenue of $1.04 billion during the quarter. NCR Atleos had a net margin of 3.98% and a return on equity of 78.64%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 earnings per share. On average, analysts expect that NCR Atleos will post 4.52 earnings per share for the current year.

Institutional Trading of NCR Atleos

Several large investors have recently bought and sold shares of the company. Sound Income Strategies LLC boosted its stake in shares of NCR Atleos by 245.7% in the first quarter. Sound Income Strategies LLC now owns 643 shares of the company’s stock valued at $28,000 after purchasing an additional 457 shares during the period. CIBC Private Wealth Group LLC grew its holdings in NCR Atleos by 66.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 690 shares of the company’s stock valued at $26,000 after purchasing an additional 276 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in NCR Atleos during the 4th quarter worth $31,000. Global Retirement Partners LLC increased its stake in NCR Atleos by 134.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,210 shares of the company’s stock worth $46,000 after buying an additional 694 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in NCR Atleos in the 4th quarter worth $51,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

About NCR Atleos

NCR Atleos Corporation operates as a financial technology company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Network, and Telecommunications & Technology (T&T). The Self-Service Banking segment offers solutions, including a line of automated teller machine (ATM) and interactive teller machine (ITM) hardware and software, as well as related installation, maintenance, and managed and professional services; and solutions to manage and run the ATM channel end-to-end for financial institutions comprising back office, cash management, software management and ATM deployment, and others.